Tax Administration Jamaica (TAJ) wishes to advise the public that the deadline for the filing of Income Tax Returns has been extended to March 25, 2015. This means that Self-employed individuals, partnerships, companies, other bodies and employed persons with additional sources of income will be able to file on or before the extended deadline without the imposition of any penalty being applied. Persons are however urged to file and pay on or before the extended due date to avoid the usual last minute rush.
Self-employed persons are reminded that they are to use the new S04, S04a or combination Smart Form to submit their annual return and estimated income, taxes and contributions, for 2014 and 2015 respectively. These forms conveniently capture payments for income tax, education tax, as well as NHT and NIS contributions for self-employed persons. Individuals are therefore no longer required to visit multiple agencies, or use multiple forms, at various times, to meet their statutory obligations.
The S04 forms for self-employed persons, as well as the revised Income Tax forms for other categories of persons are available for download from the TAJ website at www.jamaicatax.gov.jm.Â Persons are advised to use the version of the form that relates to the applicable filing year, as the income tax forms have been revised to reflect recent legislative changes.
Small Business Operators are encouraged to make use of the free tax support sessions, which are still being offered across the island. At these sessions business persons will be guided by TAJ representatives on how to prepare the new Self Employed Annual Return (S04) and revised Income Tax forms now due March 25.
Taxpayers who wish to use the free service are being asked to take with them all business related documents, which include their Taxpayer Registration Number (TRN), bank statements, purchase invoices, receipts, sales records, utility bills, wage records and any other records that can be used to verify income and expenses.
Taxpayers who fail to file by the extended March 25 due date, are reminded that a $5,000 penalty can be charged for each month the return is late.
For further information persons may visit the TAJ Tax Portal at www.jamaicatax.gov.jm or contact the TAJ Customer Care Centre at 1-888-TAX-HELP (1-888-829-4357) or any Tax Office.